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Tesla’s stock (TSLA) is surging by over 3% in pre-market trading today, and it appears to again be due to delivery numbers in China, which seem to be confusing for the market.

Over the last few weeks, Tesla’s stock has had some wild swings, and it has mostly been related to news coming out of China.

First, the delivery numbers for the month of April confused people with a drop from ~35,000 vehicles in March to ~25,000 vehicles in April based on data from the China Passenger Car Association (CPCA).

Furthermore, the CPCA seemingly started including exports in their delivery numbers for the country, which makes no sense and brings confusion.

Now the CPCA came out with the data from May and reported that Tesla sold 33,463 China-made electric car last month.

However, the number includes 21,936 Tesla vehicles delivered in the country in May and 11,527 electric vehicles that Tesla built in China and exported to other countries in the same period.

The news sent Tesla’s stock rising more than 3% in pre-market trading.

It comes after Tesla’s stock took a hit just last week over a report that claimed Tesla’s net new orders in China were slashed in half in May.

Electrek‘s take

First off, I see a lot of people claiming that it proves the report from The Information was wrong about Tesla’s orders falling in China last week.

While I noted that the report should be taken with a grain of salt, this new data from CPCA doesn’t disprove the report.

CPCA is about Tesla vehicles delivered and produced in China in May while the report from last week discussed net new orders coming in.

Net new order is a better indication of demand since it is not constrained by production, but most of the new orders coming in May would most likely not appear in CPCA data until next quarter when they are delivered.

That said, it doesn’t mean that the report was accurate either.

Again, I don’t think the market should place too much value of Tesla’s month-to-month performance in specific markets because they are just too many variables that don’t mean much on a short-term basis.

At the very minimum, I would stick to quarterly trends.


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Wayne Lineker thanks friend for taking him to hospital after Ibiza incident

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Wayne Lineker thanks friend for taking him to hospital after Ibiza incident

Wayne Lineker has thanked a friend for taking him to hospital after a “disturbing” incident in Ibiza earlier this week, which left him with “stitches and a swollen lip” after he tried “to protect a girl from being harassed”.

The 62-year-old, who is the younger brother of former England footballer Gary Lineker, shared an Instagram story praising his pal after a video circulated earlier this week, showing him in an altercation outside a bar on the Spanish island in the early hours of Wednesday morning.

He was reported to have been knocked out for several minutes after being punched in the jaw by another man following a confrontation.

Wayne re-shared a photo showing him drinking a couple of raw juices and gave “very special thanks” to his friend, cafe owner Daniel Onions.

Wayne thanked him “for looking after me for many hours after the event took place, taking me [to] hospital, and making sure I got home safe and ok”.

Onions re-shared his post, commenting: “What friends are for”.

The Celebs Go Dating star later shared a short video on Instagram, with two of his resort employees joking with him that “sometimes, you’ve just got to take it on the chin”.

Proving the blow hadn’t knocked his sense of humour, Wayne annotated the video, writing: “Hahaha gotta see the funny side. Take it on the chin.”

Earlier this week, Wayne shared a photo showing him in sunglasses, and with a cut to the right side of his chin, giving a thumbs up, at his friend’s wellness cafe.

Wayne has his own businesses in Ibiza, and owns the beach resort O Beach on the island, and has other resorts on the Spanish mainland and in Majorca.

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Wayne wrote: “I wanted to write this post to let everyone know that I’m doing ok… I have a few stitches and a swollen lip.

“It could have been much worse so I count myself very fortunate I wasn’t standing two yards further back, as my head would have impacted the wall.

“Obviously the video is very disturbing to see especially for my family.

“The papers were very accurate and it was a simple case of me just trying to protect a girl from being harassed.

“Thank you everyone for all your messages of concern the support has been really overwhelming.”

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His nephew, and son of Gary Lineker, commented: “LOL: “Lowest of the low”.

Wayne is understood to be estranged from his brother and has previously said they no longer talk.

It’s not known if anyone has been arrested over the incident.

Sky News has contacted Wayne for further comment.

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Taylor Swift travel warning issued for Cardiff ahead of Eras Tour performance

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Taylor Swift travel warning issued for Cardiff ahead of Eras Tour performance

Members of the public have been warned to plan their travel as Taylor Swift descends on Cardiff next week.

Thousands of her fans – known as Swifties – are expected to gather in the Welsh capital on Tuesday for the American singer’s Eras Tour.

Last week, the 34-year-old superstar took Edinburgh by storm.

Swift then performed in Liverpool on Thursday and will do two more concerts in the city on Friday and Saturday before arriving in Wales.

The UK leg of the tour will come to an end next week with performances at Wembley Stadium in London.

She will then go on to Ireland followed by a string of gigs in mainland Europe before further shows at Wembley in August.

Principality Stadium, best known as the home of Welsh rugby, will be transformed for the Cardiff event.

More on Cardiff

The council said it expects the M4 to be “very busy” due to the concert and has said the public should “plan ahead”.

The gates to the stadium are set to open at 4pm, but there will be a full road closure in the city centre from 12pm until midnight.

Cowbridge Road East, Castle Street and Duke Street will stay open until 3pm, the council confirmed.

A park and ride facility at Cardiff City Football Club will be in operation for those hoping to avoid congestion.

Read more:
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Transport for Wales are set to provide extra capacity on routes in and out of Cardiff on Tuesday.

But trains are also expected to be very busy with passengers urged to allow plenty of time for their journey.

After the event, there will be separate queues on Central Square for all lines, while the queues for the South Wales Valleys services will be at the rear of the station.

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Latitude Festival cuts ties with sponsor Barclays after acts pull out

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Latitude Festival cuts ties with sponsor Barclays after acts pull out

Latitude Festival has dropped its sponsor, Barclays, after a number of musicians and comedians dropped out in protest over the bank’s ties to the Israel-Hamas war.

Latitude Festival told Sky News: “Following discussion with artists, we have agreed with Barclays that they will step back from sponsorship of Latitude Festival”.

Comedians Joanne McNally, Sophie Duker, Grace Campbell, and Alexandra Haddow all announced they would be boycotting the event last week.

Musicians including CMAT, Pillow Queens, Mui Zyu, and Georgia Ruth had also pulled out of the event.

Palestine Action, a group whose members attacked 20 of the bank branches across England and Scotland last week, has accused Barclays of having financial interests in both Israel’s weapons trade and fossil fuels.

Barclays says while it provides financial services to “public companies that supply defence products to NATO and its allies” it does not directly invest in the firms.

Pic: Palestine Action/X
Image:
Pic: Palestine Action/X

Taskmaster star McNally, who had been set to close the festival wrote in an Instagram story last week: “I’m getting messages today about me performing at Latitude when it’s being sponsored by Barclays.

“I’m not longer doing Latitude. I was due to close the comedy tent on the Sunday night, but I pulled out last week.

“I’m on the old artwork but I haven’t been listed on the site since I pulled out a week ago.”

Duker had shared a photo of her at a previous Latitude Festival, and confirmed she would be boycotting the event.

She wrote: “I am committed to minimising my complicity in what I consider to be a pattern of abhorrent, unlawful violence”.

The 34-year-old comedian also said her pro-Palestinian stance “has gained me violent abuse, targeted pile-ons and death threats”.

Fellow comedian Grace Campbell, who is the daughter of Sir Tony Blair’s former spokesman Alastair Campbell, shared Duker’s post in an Instagram story, announcing she was also pulling out of the festival.

Meanwhile, comedian Alexandra Haddow said she too would no longer appear, writing on Instagram: “I can’t in good conscience take the fee.”

In a post shared on her Instagram account last week, Irish singer-songwriter CMAT said: “I will not allow my precious work, my music, which I love so much, to get into bed with violence.”

Barclays has been approached for a comment.

In response to the exodus of acts, Barclays previously defended its position, saying it recognised “the profound human suffering” caused by the Israel-Hamas war.

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“We provide vital financial services to US, UK, and European public companies that supply defence products to NATO and its allies,” it said in a statement.

“Barclays does not directly invest in these companies. The defence sector is fundamental to our national security and the UK government has been clear that supporting defence companies is compatible with ESG considerations.

“Decisions on the implementation of arms embargos to other nations are the job of respective elected governments.”

Tens of thousands of people are expected to attend Latitude Festival at Henham Park in Suffolk, held from the 25-29 July.

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